SMM Daily Review - 2012/5/15 Tin Market

SHANGHAI, May 16 (SMM) – In Shanghai tin market, transactions remained quiet on Tuesday. Nanshan, Jinlong, Yunxiang and Yunshan were mainly traded at RMB 156,000/mt, while mainstream traded prices for Yunheng and Yunxi were between RMB 156,500-159,000/mt. In the afternoon, cargo holders were eager to move goods in response to the falling LME tin prices, and transactions for goods quoted around RMB 155,500/mt improved slightly. Wait-and-see sentiment was still strong among enterprises downstream, and tin consumption remained soft, so the declines in domestic tin prices were expected to continue.